Archive for December, 2011

The Challenge of Senior Housing in Rural America

Rural America.  The Great Plains.  The Rocky Mountains.  The Mississippi Delta.  The Desert Southwest of West Texas, New Mexico and Arizona.  Local flavor and flair.  Accents, unique cuisine, colloquialisms.  The cultural diversity of America.  How do we preserve the elderly that live in these  areas and preserve the unique, cultural traits of American society in [...]

Thank You Senior Housing News Sponsors

We just wanted to say “thank you” to these companies for making Senior Housing News possible. If you enjoy what we’re doing here at SHN, please consider supporting the companies. Without them, SHN wouldn’t be possible. Senior Living Investment Brokerage, Inc. – Call Grant Kief at 630-858-2501 or check out the website. Marcus & Millichap [...]

Study: Retirees’ Location Influenced by Variety of Healthcare Options

More than a third of people aged 40 to 75 who are preparing for retirement consider the availability of healthcare options and facilities as “very important” to where they’ll live in retirement, according to Ameriprise Financial’s New Retirement Mindscape 2011 City Pulse index. Choosing where to spend their retirement years depends on several different factors, with [...]

Ziegler Closes $31 Million of Bond Financing for Retirement Community

Ziegler announced the closing of a $31.2 million non-rated, fixed-rate bond issue for Peterborough Retirement Community at Upland Farm, Inc. RiverMead was formed in 1991 and the original continuing care retirement community campus at RiverMead opened in December 1995. RiverMead’s existing campus is situated on a 56-acre site in south central New Hampshire in the [...]

Innovative Senior Housing Needed for Multigenerational Households

The growing senior population and the struggling economy have combined to spur the growth of multigenerational families in the United States, and innovative housing options are needed for these households, says a Generations United study. In 2009, the Pew Research Center’s broad definition of multigenerational households found that 11.9 million of the 113.6 million U.S. [...]

Nursing Home Battles Union, Locks Out 100 Workers

A nursing home company locked out 100 workers on Tuesday, Dec. 13 after frustrations arose from failed progress in negotiations, reports the Hartford Courant. In response, the workers picketed the site, but the nursing home company, HealthBridge Management, said on Wednesday that it had filed a complaint with the federal agency that enforces labor laws [...]

Low-Income NYC Nursing Home Building Sells for $25.5 Million

The East Fifth Street building of the largest senior care home in New York City’s East Village recently sold for $25.5 million, according to papers filed through the NYC Department of Finance, Office of the City Register, obtained through The Lo-Down. The future of Cabrini Center for Nursing and Rehabilitation, a non-profit with 240 beds [...]

Obama: Home Health Care Workers Deserve Extended Wage Coverage

The Obama administration has proposed a new rule to extend minimum wage and overtime coverage for the nearly 2 million workers who provide home health care services for the elderly, according to a White House announcement. The U.S. Labor Department proposal gives health care aides protection under the Fair Labor Standards Act (FLSA) in keeping [...]

Existing Supply Dominates Senior Housing & Care Finance in 2011

REITs (real estate investment trusts) and refinances were two key components in the senior housing and care finance game in 2011, with billions of dollars in M&A activity and soaring loan endorsement volume from the Department of Housing and Urban Development (HUD). Although rumors of an impending construction boom are swirling thickly around U.S. Census [...]